News articles about Intrepid Potash (NYSE:IPI) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Intrepid Potash earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 46.8889775033601 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of NYSE:IPI traded up $0.05 during midday trading on Monday, hitting $3.37. The company had a trading volume of 93,917 shares, compared to its average volume of 638,439. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.47 and a quick ratio of 1.53. The firm has a market capitalization of $435.27 million, a price-to-earnings ratio of -18.72 and a beta of 1.11. Intrepid Potash has a 12-month low of $3.12 and a 12-month high of $5.31.

Intrepid Potash (NYSE:IPI) last posted its quarterly earnings data on Thursday, August 2nd. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $54.00 million during the quarter, compared to analysts’ expectations of $43.08 million. Intrepid Potash had a negative return on equity of 1.15% and a negative net margin of 1.47%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. equities research analysts expect that Intrepid Potash will post 0.1 earnings per share for the current fiscal year.

IPI has been the topic of several research analyst reports. Zacks Investment Research cut Intrepid Potash from a “buy” rating to a “sell” rating in a report on Thursday, August 9th. BMO Capital Markets reduced their price objective on Intrepid Potash from $4.00 to $3.25 and set a “market perform” rating for the company in a research note on Monday, August 6th. Finally, ValuEngine upgraded Intrepid Potash from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.13.

In other Intrepid Potash news, insider Robert P. Jornayvaz III purchased 20,000 shares of the business’s stock in a transaction on Tuesday, August 7th. The stock was acquired at an average price of $3.40 per share, for a total transaction of $68,000.00. Following the purchase, the insider now owns 1,206,650 shares of the company’s stock, valued at approximately $4,102,610. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert P. Jornayvaz III purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was acquired at an average price of $3.24 per share, with a total value of $32,400.00. Following the purchase, the insider now directly owns 1,206,650 shares in the company, valued at approximately $3,909,546. The disclosure for this purchase can be found here. Insiders bought a total of 47,700 shares of company stock valued at $159,224 over the last 90 days. 27.70% of the stock is currently owned by company insiders.

About Intrepid Potash

Intrepid Potash, Inc produces and sells potash and langbeinite products in the United States and internationally. It operates through two segments, Potash and Trio. The Potash segment offers muriate of potash or potassium chloride for use as a fertilizer input in the agricultural market; as a component in drilling and fracturing fluids for oil and gas wells, as well as an input to other industrial processes in the industrial market; and as a nutrient supplement in the animal feed market.

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